Zero coupon bond with a yield to maturity

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Autos and More offers a zero coupon bond with a yield to maturity of 11.3 percent. The bond matures in 15 years and has a face value of $1,000. What is this bond worth today? (Assume semiannual compounding.)

Reference no: EM131339101

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Zero coupon bond with a yield to maturity : Autos and More offers a zero coupon bond with a yield to maturity of 11.3 percent. The bond matures in 15 years and has a face value of $1,000. What is this bond worth today? (Assume semiannual compounding.)
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